11 88 0 Solutions AG (HAM:TGT) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2023)

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What is 11 88 0 Solutions AG LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. 11 88 0 Solutions AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.10.

11 88 0 Solutions AG's long-term debt to total assets ratio declined from Jun. 2022 (0.13) to Sep. 2023 (0.10). It may suggest that 11 88 0 Solutions AG is progressively becoming less dependent on debt to grow their business.

11 88 0 Solutions AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for 11 88 0 Solutions AG's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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11 88 0 Solutions AG LT-Debt-to-Total-Asset Chart

11 88 0 Solutions AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.18

0.17

0.15

11 88 0 Solutions AG Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.12	0.11	0.10

11 88 0 Solutions AG LT-Debt-to-Total-Asset Calculation

11 88 0 Solutions AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	4.208	/	28.969
	=	0.15

11 88 0 Solutions AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.187	/	22.711
	=	0.10

11 88 0 Solutions AG (HAM:TGT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

11 88 0 Solutions AG LT-Debt-to-Total-Asset Related Terms

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11 88 0 Solutions AG (HAM:TGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » 11 88 0 Solutions AG (HAM:TGT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TGT:Germany

Address

Hohenzollernstrasse 24, Essen, NW, DEU, 45128

Website

https://www.11880.com

11 88 0 Solutions AG is telecom service company based in Germany. The company has business segments that are Directory Assistance and Digital. The Directory Assistance segment provides services related to inquiries made at by phone for information regarding of phone numbers, pre-dial numbers and addresses while the Digital segment receives revenue from advertisements on the company's platforms and websites. The Digital segment also includes the software solutions business, which comprises digital telephone books and yellow pages on CDROM and as intranet and database solutions. The company's product line includes online marketing and various tools to analyze data. The Digital segment generates maximum revenue for the company.